Cisco ($CSCO): Continue to trend down with GAPS

Cisco ($CSCO)  continues to trend down with gaps in between. Since my last post in May, CSCO has fail to hold on and has go lower towards the $15 range. News is out now that CSCO will cut as many as up to 10,000. CSCO job cuts highlight the possibility of slow growth ahead due… Continue reading Cisco ($CSCO): Continue to trend down with GAPS

Russell 2000 (RUT) : Fill the gap. Support level

RUT (along with many other counters) gap down on opening today. It has since tried to fill the gap within the first half an hour. Currently, it is just trading and hanging near to the support level 702.18 as indicated by the Chikou Span. I doubt it will hold, unless Euro zone comes out with… Continue reading Russell 2000 (RUT) : Fill the gap. Support level